RE: Worst investment (but great for this market)norris07, I own a fair chunk of BCE. I should have sold a bunch, not all, by now. But I'm slow to sell because BCE is just perfect for this kind of market which I perceive as in a precocious rally in what could easily turn out to a much longer bear market.
Once this market turns and especially if oil tanks to US$40/b and lower, this heady rally will turn sharply. Oil stocks, metal stocks, broad industrial stocks, they will all tank. BCE and similar may decline a bit with broader markets but not by much.
Cash won't pay you 6.5% yields; there are however some sweet opportunities in junk bonds still--if you understand that market. BCE market value could increase relatively early in the next economic cycle boom phase. Most important, it should effectively preserve capital while delivering dividends.
Now if you have a solid blue-chip, low-risk company in mind that pays 6%+ yields, that has good growth prospects going forward as well as excellent pro-longed bear market-riding characteristics, then please share.